Spring Fever
May 6th, 2007 by tisnerFor the Orlando real estate market, spring is a busy time of the year.
For the Orlando real estate market, spring is a busy time of the year. People with children in the school system often like to get acclimated to a new neighborhood and have their children ready to start a new school year in August. These people often purchase in spring with an eye to a summer move-in.
In spring, many homes come on the market. When you see a figure that shows an increase in home inventory for spring that’s usually so. Traditionally, that’s when inventory picks up.
I’m pleased to tell you that the Orlando real estate market remains in a healthy state. Even with an interest rate of over 6%, in February more than 2100 homes changed hands, a record-setting number for the month. 1580 of those were single family homes.
If you are selling your home, I cannot over-emphasize the importance of proper pricing. Too high a price encourages the buyer to look at another home. Too high a home price may not appraise. We are constantly monitoring the market and when we look at homes offered for sale that didn’t sell – usually they are overpriced.
As real estate professionals our job is to help empower you with knowledge. We will be glad to meet with you on your schedule – after hours and weekends are just fine!